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Trading The Ross Hook
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Trading The Ross Hook

  #1 (permalink)
Elite Member
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Trading The Ross Hook

I've begun reading this book and am quite intrigued. It is very similar to the fractal breakouts (123's) that I used to trade on 6B.

https://futures.io/journals-daily-charts-tape-reading/826-blz-trading.html

I was successful trading that approach but went in search of greener pastures as I did not like the huge stops that were required. The Ross hook is very similar to trading fractal breakouts but it seems to be very detailed touching on important concepts such as money management and setup validation.

As I dig through the book I plan on posting here and getting my journal cooking again. I'd love to hear the feedback of any others that have read or are reading this book.

Blz

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  #2 (permalink)
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I have this book. I also attended Mr. Ross,s seminar in Austin, Texas in 1993.Ross hook only works when market is trending very strongly.Most of the time it fails.Thanks
Masood

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if you need a solution for rh or 123 pattern look for harmonic trading.

1. https://futures.io/elite-circle/1254-swing-temp-order-use-harmonic-patterns.html
2. look for some post of george ...

best regards and do not forget trade what you see. i had also trade the 123 pattern, and i losed.

Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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masood chughtai View Post
I have this book. I also attended Mr. Ross,s seminar in Austin, Texas in 1993.Ross hook only works when market is trending very strongly.Most of the time it fails.Thanks
Masood

Lol, well that is quite the discouraging post.

Actually that's also quite obvious as most strategies only work in the environment they are designed for. In addition Ross seems to emphasize quite a bit the importance of identifying the trend first to validate the hook.

Blz

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Blz17 View Post
Lol, well that is quite the discouraging post.

Actually that's also quite obvious as most strategies only work in the environment they are designed for. In addition Ross seems to emphasize quite a bit the importance of identifying the trend first to validate the hook.

Blz

Don't get discouraged. If you found something that "speaks" to you, then keep pursuing it. You can only learn by doing And even if at the end of the book you say "no" to his method, you still will have learned something.

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Blz17 View Post
I've begun reading this book and am quite intrigued. It is very similar to the fractal breakouts (123's) that I used to trade on 6B.

https://futures.io/journals-daily-charts-tape-reading/826-blz-trading.html

I was successful trading that approach but went in search of greener pastures ..

Blz

'greener pastures' are just an illusion most of the time.

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Big Mike View Post
Don't get discouraged. If you found something that "speaks" to you, then keep pursuing it. You can only learn by doing And even if at the end of the book you say "no" to his method, you still will have learned something.

Mike

Oh don't worry Mike. It still fits into a "system" that I'm quite familiar with so I plan to continue my pursuit. Plus, as I said in my previous post every "system" is subject to it's design. Nothing works 100% in the chop and the trend. This particular approach works in a trending environment so therefore the key is to identify the trend.


cory View Post
'greener pastures' are just an illusion most of the time.

I suppose that sounds like I was searching for a holy grail, which is an illusion 100% of the time. By greener pastures I simply meant a "system" that fit my personality better.

Blz

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Hey Blz, our paths cross again. Based on your recommendation I got the ross hook book and started reading it. I had previously tried reading the "Trading by the Book" but I guess I wasn't ready for it at the time. I've been trading naked on and off since September (currently on for CL using range charts) and I think I'm ready.

One thing I'm not wild about is the 3x3 MA. At least he has the period fast to reduce lag, but I don't think Ninja can displace a ma like that. If anyone knows how please let me know.

As I read the ross hook book I wonder if I should use range charts or tick/minute. I've been using range for 3 weeks to trade CL and I really like it.

Anyway, just to say I'm following along and I look forward to some discussion about the book.

Also I have not been able to locate a copy of "Trading is a business" by Joe Ross. If anyone has this could you please let me know. He also has an S&P day trading book for sale on his website, if all goes well with trading the ross hook book I will be interested in that as well. If anyone wants to go in together let me know. Could be cheap if several of us share the cost.

PS: There is also a forum on his site but I haven't looked at it yet. If anyone is interested, there could be some goodies there.

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3x3 ma is the green ma gator line of bill william indicator Alligator and Gator Oscillator - NinjaTrader Support Forum

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cunparis View Post
Hey Blz, our paths cross again. Based on your recommendation I got the ross hook book and started reading it. I had previously tried reading the "Trading by the Book" but I guess I wasn't ready for it at the time. I've been trading naked on and off since September (currently on for CL using range charts) and I think I'm ready.

One thing I'm not wild about is the 3x3 MA. At least he has the period fast to reduce lag, but I don't think Ninja can displace a ma like that. If anyone knows how please let me know.

As I read the ross hook book I wonder if I should use range charts or tick/minute. I've been using range for 3 weeks to trade CL and I really like it.

Anyway, just to say I'm following along and I look forward to some discussion about the book.

Also I have not been able to locate a copy of "Trading is a business" by Joe Ross. If anyone has this could you please let me know. He also has an S&P day trading book for sale on his website, if all goes well with trading the ross hook book I will be interested in that as well. If anyone wants to go in together let me know. Could be cheap if several of us share the cost.

PS: There is also a forum on his site but I haven't looked at it yet. If anyone is interested, there could be some goodies there.


I'm almost thru the book though there are some sections I want to re-read. As I've noted in my journal I like this approach as it's very similar to the method where I was most successful (trading 1-2-3 breakouts) but it adds a few things to revise the 1-2-3 breakouts.

I didn't think you could offset the moving average either until I found it in the settings and it's actually quite simple. Once you put the 3 period EMA on your chart under the settings for it change the "Displacement" to 3.

Blz

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